3 Bed Flat, Refurb/BRRR, Salford, M6 5WP, £75,000

Lower Seedley Road, Manchester, Greater Manchester, M6 5WP - 53 views - 2 months ago

Under Offer

Refurb/BRRR

ROI: 14%

~93 m²

+7 photos

ValuationUndervalued

Sold Prices	£88K - £337.5K
Sold Prices/m²	£1.4K/m² - £5.3K/m²

Square Metres	~93 m²
Price/m²	£806/m²
Value Estimate	£77,250£77,250
BMV	3%

End Value (After Refurb)	£197,003£197,003
Uplift in Value	+163%+163%
You could potentially get back more cash than you put into this deal. All your cash out plus £26,155 extra. See the breakdown

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£18,750£18,750
Stamp Duty & Legal Fees	£3,450£3,450
Refurb Costs	£39,428£39,428
Bridging Loan Interest	£1,969£1,969
Total Cash In	£65,347£65,347

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£197,003£197,003
Agent Fees (1%)	£1,970£1,970
Bridging Loan	£56,250£56,250
Bridging Loan Interest	£1,969£1,969
Flip Profit	£73,436£73,436

Local Sold Prices

29 sold prices from £88K to £337.5K, average is £178.5K. £1.4K/m² to £5.3K/m², average is £2.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£145.5K	06/21	0.16 mi	2, Osborne Street, Salford, Greater Manchester M6 5LG	£1,796	81	3	Flat
£141.5K	10/23	0.52 mi	Flat 2, Darley House, My Street, Salford, Greater Manchester M5 5GJ	-	-	3	Flat
£88K	11/21	0.65 mi	63, Sugar Mill Square, Salford, Greater Manchester M5 5EB	£1,354	65	3	Flat
£112.3K	03/21	0.65 mi	43, Sugar Mill Square, Salford, Greater Manchester M5 5EB	£1,702	66	3	Flat
£137.5K	08/21	0.67 mi	Flat 37, Carthorpe Arch, Eccles New Road, Salford, Greater Manchester M5 4UR	£1,719	80	3	Flat
£140K	01/21	0.7 mi	Flat 33, Redmires Court, Eccles New Road, Salford, Greater Manchester M5 4US	-	-	3	Flat
£131K	11/20	0.84 mi	Flat 3, Woolston House, Moss Meadow Road, Salford, Greater Manchester M6 8PL	-	-	3	Flat
£210K	10/23	0.97 mi	12, Guildford Road, Salford, Greater Manchester M6 8PT	£2,019	104	3	Flat
£132K	11/20	1.04 mi	Flat 2, Laurel House, Light Oaks Road, Salford, Greater Manchester M6 8NQ	-	-	3	Flat
£243K	04/21	1.17 mi	81, Vancouver Quay, Salford, Greater Manchester M50 3TX	£3,284	74	3	Flat
£270K	04/23	1.17 mi	87, Vancouver Quay, Salford, Greater Manchester M50 3TX	£3,244	83	3	Flat
£245K	04/23	1.17 mi	78, Vancouver Quay, Salford, Greater Manchester M50 3TX	£3,025	81	3	Flat
£290K	12/23	1.17 mi	36, Vancouver Quay, Salford, Greater Manchester M50 3TU	£5,273	55	3	Flat
£200K	02/21	1.18 mi	7, St Lawrence Quay, Salford, Greater Manchester M50 3XT	£2,273	88	3	Flat
£262.8K	02/23	1.18 mi	47, Vancouver Quay, Salford, Greater Manchester M50 3TU	£4,158	63	3	Flat
£276K	10/23	1.2 mi	81, Winnipeg Quay, Salford, Greater Manchester M50 3TY	£3,325	83	3	Flat
£276K	10/23	1.2 mi	81, Winnipeg Quay, Salford, Greater Manchester M50 3TY	£3,325	83	3	Flat
£263.3K	12/20	1.2 mi	52, Winnipeg Quay, Salford, Greater Manchester M50 3TY	£3,929	67	3	Flat
£225K	01/21	1.24 mi	22, Vancouver Quay, Salford, Greater Manchester M50 3TT	£2,823	80	3	Flat
£125K	09/21	1.3 mi	Flat 18, Reeves Court, Canterbury Gardens, Salford, Greater Manchester M5 5AE	-	-	3	Flat
£122.5K	01/23	1.32 mi	Flat 4, Victoria House, Victoria Road, Salford, Greater Manchester M6 8LF	-	-	3	Flat
£135K	01/21	1.33 mi	Apartment 158, Ladywell Point, Pilgrims Way, Salford, Greater Manchester M50 1AW	-	-	3	Flat
£130K	03/23	1.37 mi	Flat 21, Knights Court, Canterbury Gardens, Salford, Greater Manchester M5 5AB	-	-	3	Flat
£219.9K	02/21	1.52 mi	Apartment 45, Central Court, Melville Street, Salford, Greater Manchester M3 6DH	-	-	3	Flat
£177K	07/21	1.55 mi	34, Lockett Gardens, Salford, Greater Manchester M3 6BJ	-	-	3	Flat
£178.5K	11/20	1.64 mi	25, Bevill Square, Salford, Greater Manchester M3 6BB	£2,445	73	3	Flat
£235K	07/23	1.64 mi	25, Bevill Square, Salford, Greater Manchester M3 6BB	£3,219	73	3	Flat
£337.5K	01/23	1.88 mi	Flat 112, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ	-	-	3	Flat
£155K	07/23	1.93 mi	45, Eccles Fold, Eccles, Manchester, Greater Manchester M30 0NT	£1,879	83	3	Flat

Local Rents

50 rents from £999/mo to £3.5K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,395	05/24	0.03 mi	Edumnd Street, Salford M6	3	Terraced House
£1,900	06/24	0.06 mi	-	3	Terraced House
£1,600	06/24	0.06 mi	-	3	Terraced House
£1,600	04/25	0.06 mi	-	3	Terraced House
£1,695	06/24	0.11 mi	-	3	Terraced House
£1,475	05/24	0.13 mi	Springwell Close, Salford, M6	3	Flat
£1,150	05/24	0.14 mi	Grange Street, Salford	3	Detached House
£1,200	05/24	0.14 mi	Greenbank Road, Langworthy, Salford, M6	3	Detached House
£1,300	05/24	0.15 mi	Greenbank Road, Salford, Greater Manchester, M6	3	Semi-Detached House
£1,450	01/25	0.16 mi	-	3	Terraced House
£1,755	05/24	0.17 mi	Osborne Street, Salford, M6 5LG	3	Flat
£1,695	02/25	0.18 mi	-	3	Terraced House
£1,200	02/24	0.23 mi	-	3	Terraced House
£1,560	02/24	0.24 mi	-	3	Terraced House
£1,650	12/24	0.24 mi	-	3	Terraced House
£1,905	05/24	0.25 mi	Lyndhurst Street, Salford, M6	3	Terraced House
£1,905	05/24	0.25 mi	Lyndhurst Street, Salford, M6	3	Terraced House
£1,500	06/24	0.26 mi	-	3	Terraced House
£1,600	04/25	0.26 mi	-	3	Terraced House
£1,200	03/25	0.27 mi	-	3	Terraced House
£1,350	03/25	0.27 mi	-	3	Terraced House
£1,800	05/24	0.28 mi	Wythburn Street, Pendleton, Salford, M6	3	Terraced House
£1,425	02/24	0.28 mi	-	3	Terraced House
£1,550	05/24	0.29 mi	Nansen Street, Salford, Manchester	3	Flat
£1,600	12/24	0.3 mi	-	3	Semi-Detached House
£1,750	12/24	0.31 mi	-	3	Semi-Detached House
£2,200	05/24	0.31 mi	-	3	Terraced House
£2,000	06/24	0.31 mi	-	3	Terraced House
£1,500	03/25	0.33 mi	-	3	Terraced House
£1,195	05/24	0.34 mi	Castleway, Salford	3	Detached House
£1,650	06/24	0.34 mi	-	3	Semi-Detached House
£1,650	05/24	0.34 mi	Chaplin Close, Manchester, M6	3	Semi-Detached House
£1,400	12/24	0.36 mi	-	3	Terraced House
£1,200	05/24	0.36 mi	Fitzwarren Street, Salford	3	Terraced House
£1,450	04/25	0.37 mi	-	3	Terraced House
£1,690	05/24	0.37 mi	Fitzwarren Street, Salford	3	Terraced House
£3,490	01/25	0.39 mi	-	3	Terraced House
£1,200	02/24	0.4 mi	-	3	Terraced House
£3,295	01/25	0.4 mi	-	3	Terraced House
£2,600	05/24	0.4 mi	-	3	Terraced House
£3,500	06/24	0.4 mi	-	3	Terraced House
£3,500	01/25	0.4 mi	-	3	Terraced House
£3,500	01/25	0.4 mi	-	3	Terraced House
£1,500	06/24	0.4 mi	Southbourne Street, Moorland's Green, Salford, M6	3	Semi-Detached House
£999	12/24	0.41 mi	-	3	Terraced House
£1,400	06/24	0.42 mi	Blodwell Street, Salford	3	Terraced House
£1,300	03/25	0.42 mi	-	3	Flat
£1,278	03/25	0.42 mi	-	3	Flat
£1,100	05/24	0.43 mi	Langworthy Road, Salford	3	Terraced House
£1,400	05/24	0.46 mi	Langshaw Street, Salford, Greater Manchester, M6	3	Terraced House

Local Area Statistics

Population in M6	31,26831,268
Population in Salford	88,69788,697
Town centre distance	1.16 miles away1.16 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.56 miles away0.56 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+32%+32%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+58%+58%

Property History

Listed for £75,000

February 18, 2025

Description

Three single Bedrooms +
Renovation Ready +
Ideal for a first time buyer or investor +
Close to Salford Quays and Media City +
Walking distance to Salford Royal +
Spacious reception room with natural light +
Freehold +

For Sale: Charming Three-Bedroom Flat in the Heart of Salford

We are delighted to present this two-bedroom flat located in the sought-after area of Salford, within walking distance of Salford Royal, Salford Quays, and MediaCityUK. This property offers an excellent opportunity for those seeking a renovation project, with the potential to transform it into a modern, stylish living space with a thoughtful investment of time and creativity.

The flat features a generously sized reception room, flooded with natural light, creating a warm and inviting atmosphere.
The accommodation includes three bedrooms. The bathroom is a good size and has all the plumbing in place

With an EPC rating of D and Council Tax Band A, the property offers an energy-efficient and affordable living option. Its prime location makes it a perfect choice for professionals, couples, sharers, or students, with easy access to local amenities and transport links.

Conveniently positioned just a short walk from MediaCityUK and Langworthy tram stop, this flat provides easy access to public transport, schools, parks, and a variety of local shops and services.

This is a fantastic opportunity to acquire a property in a high-demand area with considerable potential for refurbishment. Don't miss out - arrange a viewing today and envision the possibilities!

Agent Details

Waterhouse Estate Agents, Manchester

0161 524 4992

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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